Ann Taylor parent's profit beats on fewer promotions

Women's clothing retailer Ann Inc reported a quarterly profit that beat estimates for the seventh time in a row, as fewer promotions helped lift margins at its Ann Taylor stores. Kate Hudson for Ann Taylor / Photo: Ann TaylorHowever, the company forecast second-quarter sales of $585.0 million, below analysts expectations of $593.3 million, according to Thomson Reuters I/B/E/S. The company's Ann Taylor brand targets more affluent and older shoppers, while its LOFT stores, which have been growing

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